Funding arb · Price arb /

AAOI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.022%

Price spread now: QFEX against Orderly+0.019%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAOI_USDC_mythos	107.76	0.0100	pay 0.0100% / 8h	1h 13m	$1K	$13K	10x
Short	QFEX AAOI-USD	107.78	0.0041	get 0.0005% / 1h	13m 03s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee QFEXbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$12.42
Price spread: +0.019% → 0.000%: $1.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$26.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	1.85 bp	6.9 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAOI on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AAOIUSDT	−0.1474%	8h	108.01	+0.232%	$3.1M	$3.7M	20x	as long as short
BloFin AAOI-USDT	−0.0003%	8h	107.92	+0.148%	$277K	$64K	20x	as long as short
Aster AAOIUSDT	0.0000%	8h	108.29	+0.494%	$40K	$37K	20x	as long as short
Gate AAOI_USDT	0.0000%	8h	107.86	+0.093%	$3.7M	$13.1M	50x	as long as short
Variational Omni AAOI	0.0000%	8h	107.85	+0.080%	$148K	$127K	—	as long as short
SunX AAOI-USDT	0.0000%	8h	107.91	+0.139%	$1K	$1.2M	10x	as long as short
HTX AAOI-USDT	0.0000%	8h	107.86	+0.093%	$24K	$47K	20x	as long as short
GRVT AAOI_USDT_Perp	+0.0012%	8h	107.81	+0.046%	$524	$115K	10x	as long as short
Binance AAOIUSDT	+0.0021%	8h	107.94	+0.168%	$14.8M	$45.0M	20x	as long as short
Extended AAOI-USD	+0.0024%	1h	107.91	+0.143%	$14K	$232K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAOI	+0.0032%	1h	107.81	+0.046%	—	—	10x	as long as short
Bybit AAOIUSDT	+0.0033%	8h	107.86	+0.093%	$1.7M	$2.8M	25x	as long as short
QFEX AAOI-USDshort	+0.0041%	1h	107.78	+0.019%	$1.1M	$1.8M	10x
Popdex AAOIUSDT	+0.0048%	1h	107.81	+0.046%	$457	$109K	20x	as long as short
KuCoin AAOIUSDTM	+0.0100%	8h	107.84	+0.074%	$453K	$203K	20x	as long as short
Orderly PERP_AAOI_USDC_mythoslong	+0.0100%	8h	107.76	long leg	$1K	$13K	10x
Aevo AAOI-PERP	+0.0104%	1h	107.79	+0.032%	—	—	10x	as long as short
tradeXYZ xyz:AAOI	+0.0194%	1h	107.87	+0.102%	$1.9M	$1.5M	10x	as long as short
Paragon para:AAOI	+0.0247%	1h	107.70	−0.056%	$225K	$721K	10x	as long as short
edgeX AAOIUSDC	+0.0257%	4h	107.78	+0.017%	$13K	$266K	10x	as long as short
OKX AAOI-USDT-SWAP	+0.0434%	8h	107.99	+0.213%	$4.9M	$20.5M	20x	as long as short